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Inspite of the election fever, Transactions on the floor of the Stock Exchange on Thursday February 23, 2023 sustained its bullish run as the market closed on a positive note. The  All Share Index appreciated by 0.60% to settle at 54,646.38 from the previous close of 54,315.39. This brings the year-to-date to 5.81%, the month-to-date to 2.58% and the week-to-date to 1.57% respectively.

Market Capitalisation closed at N29.63trillion. An aggregate of  142,036,608 units of shares were traded in 2,561 deals valued at N1.846billion.

Market Breadth

The market breadth closed positive as 27 equities gained while 9 equities declined in their share prices.

Percentage Gainers

MRS Oil Nigeria Plc led other gainers with 9.88% growth to close at N27.80 from its previous prices of N25.30.

MCNichols, BUA Foods and Cornerstone Insurance Plc amongst other gainers also grew their share prices by 9.09%, 8.87% and 8.33% respectively.

Percentage Losers

The Initiates (TIP) Plc led other price decliners as it shed 9.09% off its share price to close at N0.40 from the previous close of N0.44

Neimeth International Pharmaceuticals, Consolidated Hallmark Insurance and Veritas Kapital Assurance Plc, were amongst other losers also shed their share prices by 6.45%, 6.15%, and 4.76% respectively.

Volume Drivers

UBA Plc traded about 32.420million units of its shares in 136 deals, valued at N272.123million.
Courville Business Solutions Plc traded about 15.975million units of its shares in 27 deals, valued at N7.638million.

Zenith Bank Plc traded about 11.525million units of its shares in 199 deals, valued at N292.131million

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